By Mark Pender
NEW YORK (MNI) – MNI’s U.S. retail trade index is little changed in
the June 25 period at 58.5, comfortably above 50 to indicate solid
year-on-year growth in business conditions but below trend to indicate
the risk of slowing growth, according to the results of Market News
International’s weekly survey released Monday.
Sales rates for the sample have been more or less locked in place
the last six weeks, at +5.0% in the latest period for total year-on-year
sales and at +3.0% for same-store sales.
When adjusted for a month-to-month comparison, this sample is
pointing to sizable contraction of 0.5% for the government’s June retail
sales headline.
Comments out of the sample are consistent, that traffic and
spending are being limited by high gas and food costs, high unemployment
and low consumer confidence.
Income is steady and respectable, at a year-on-year +9% in the
latest sample and right at this year’s trend. Sample size in the period
is 135 chains making up 126,300 separate retail locations.
Editor’s Note: MNI compiles its retail trade index based on a
weekly sample of company news and data.
** Market News International New York Newsroom: 212-669-6430 **
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